Michael Saylor Declares New Bitcoin Floor from Strategy's Purchasing Price!
Bitcoin advocate Samson Mow predicts that Strategy Inc.'s average purchase price, currently $75,577 per BTC, will establish a permanent price floor for Bitcoin. This forecast is tied to BSTR's upcoming de-SPAC and Strategy's recent $1 billion acquisition of 13,927 BTC, highlighting its substantial remaining purchasing power.
Prominent Bitcoin advocate and industry CEO, Samson Mow, has made a notable prediction regarding the future valuation of Bitcoin, asserting that the average purchase price of corporate whale Strategy Inc. will serve as the permanent price floor for the digital asset moving forward. Mow believes that the opportunity to acquire Bitcoin below Strategy's historic cost basis is now officially a thing of the past.
Mow's forecast is closely linked to the upcoming de-SPAC (Special Purpose Acquisition Company) process for Adam Back's BSTR. Back in February, Mow had already predicted that upon the completion of its de-SPAC transaction, the newly formed public company, BSTR, would promptly move to acquire a substantial amount of Bitcoin, estimated to be between 15,000 and 20,000 BTC. Now, Mow is reinforcing his stance on the significant price impact of this impending acquisition. He recently posted, "Going to call it now. When $BSTR de-SPACs, they will not be able to buy bitcoin: native for lower than $MSTR’s average price."
If Mow's prediction proves accurate, it establishes a clear new benchmark for Bitcoin's lowest achievable price. According to a recently filed Form 8-K with the Securities and Exchange Commission, Strategy Inc.'s average purchase price currently stands at $75,577 per Bitcoin. This specific average was solidified just days ago following another substantial acquisition by the company.
Earlier this week, Strategy announced a major procurement, acquiring an additional 13,927 BTC over the past week for approximately $1 billion. This significant billion-dollar purchase was entirely funded through the firm's at-the-market (ATM) stock offering program. The SEC filing further revealed that this latest acquisition has barely impacted Strategy's vast available capacity. The corporate giant still commands nearly $50 billion in remaining purchasing power, which is split between $21 billion available under its STRC stock program and an additional $27 billion under its Class A Common Stock (MSTR) program, underscoring its immense potential for continued Bitcoin accumulation.